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| The iPhone sales machine does not show any drastic signs of slowing down as results from Apple's Q3,2012 sales report shows that it has sold 26.9 million iPhones, up 58% from the year-earlier period and above analyst predictions of between 24 million and 26 million. The quarter, which ended Sept. 29, included about a week of sales of Apple's new iPhone 5. Apple sold 14 million iPads, up 26% from last year but below many estimates. |
The iPad grew shipments at 26% y/y but “sales” as measured by sell-through were up 44%.
Overall, the company's revenue rose 27% in the quarter ending in September, while profit rose 24%. But the iPhone numbers, slightly higher than analysts were expected, weren't enough for investors to cheer. Also weighing on them: lower-than-expected iPad sales and concerns about the company's profit margins. Apple issued revenue guidance for the quarter ending in December of $52 billion, about $3 billion below analysts' expectations.
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